2023 SGD to STD Historical Review

YEARLY HIGH

17484.8245 STD

YEARLY LOW

16222.1941 STD

YEARLY AVERAGE

16826.6727 STD

2023 SGD to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 17484.8245. Conversely, the yearly low was recorded on October 2, dropping to 16222.1941.

This high-to-low spread represents a total annual volatility of 1262.6304 STD. From a start-to-finish perspective, comparing the January average rate of 17231.1043 to the December average rate of 16736.4436, the exchange rate registered a net change of -2.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 17484.8245 was up 2.58% compared to the 2022 peak of 17045.3145, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SGD based on timing:

Yearly Peak High 87,424,122 STD

2022 Average 80,410,550 STD

Yearly Trough Low 81,110,970 STD

Transaction Impact: A difference of 6,313,152.12 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

17326.4997

16181.7547

JanuMarcMayJulySeptNove

SGD to STD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 17082.9339, compared to 16570.4116 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 512.5223 points.

H1 Avg (Jan–Jun) 17082.9339

H2 Avg (Jul–Dec) 16570.4116

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 578.1649 STD (High: 17484.8245 / Low: 16906.6596). On the other end, October was the most stable month, with a tight range of 129.5004 STD (High: 16351.6945 / Low: 16222.1941).

February Spread (Volatile) ±578.1649

October Spread (Stable) ±129.5004

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 551.8133 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -551.8133

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 17122.0940) against the same month in 2022 (average: 15693.8247), the exchange rate shifted by +1428.2693 (+9.10%).

2023 Avg (February) 17122.0940

2022 Avg (February) 15693.8247

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17401.6396	16960.9976	17231.1043
February	17484.8245	16906.6596	17122.0940
March	17188.0341	16850.3047	17021.9870
April	17261.7661	17059.2324	17135.4931
May	17230.1526	16846.7600	17034.0729
June	17074.3679	16827.9423	16952.8520
July	17279.1207	16735.9938	17044.7512
August	16693.7381	16379.1602	16492.9379
September	16468.0023	16229.6145	16343.3785
October	16351.6945	16222.1941	16277.1502
November	16749.8327	16306.7470	16527.8083
December	16886.2280	16579.9539	16736.4436